Business Insider/Jessica Tyler
- Online luxury fashion spending is on the rise, according to a new report from The NPD Group.
- This is being driven by fashionable millennials who are splurging on high-end apparel and footwear.
- Experts say there has been a major shift in retail as the middle class dies out. Increasingly, the most successful businesses in the sector have become more distinctly split into two sections: luxury and budget stores.
Luxury fashion is having a moment.
According to a recent report from The NPD Group, dollar sales of luxury fashion in the United States have increased by 50% in recent years, with substantial growth in sales of expensive apparel and footwear.
See the rest of the story at Business Insider
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from Business Insider https://read.bi/2TjTLHK
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